The Real Data On Medicare Versus Private Insurance

Paul Krugman

Photo: NYtimes.com

NHE web data (pdf), Table 13. I deflated both sides by the consumer price index.Note that the table does both a raw comparison and a comparison of “common benefits”, which takes care of the problem of differential coverage. If you look at the bottom of the table, you’ll see that on both comparisons Medicare payments have grown 1 percentage point more slowly than insurance premiums over the past 40 years.That adds up to a lot.

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